We had a lovely conclusion to both eurusd and gbpusd trends for a few between 1000-1500 pips profti (see previous charts).
New short trends began on both pairs - however we missed the primary entry as i was busy multitasking and trying to communicate with traders on this forum, skype, twitter and email.
I have learnt my lesson today - concentrate on producing timely signals and save the chat till later
furthermore, i would like to employ a new stoploss strategy - the stop will always be at the high/low of the current entry candle (normally 10 -20 pips) + a few pips more. This is left to the traders’ discretion, i recommend about 10 pips on each pair, but most of the time it will be unnecessary.
Depending on how things progress, i may be offering limit orders in the future for those of us who cannot afford much screen time to trade live with the group.
Finally, with the euro, i expect to be entering the trend at around 1.3163 in tomorrow’s london session.
On gu, although we are in a short position now with a small stop, it looks increasing likely that price will test 1.5711 and thus stop us out. This does not matter as there will no doubt be an entry in the london session tomorrow - and even as high as 1.5756. If both circumstances materialise, we will be in a euro trend of 500+ pips in total and a £ trade of 340 pips - although i expect new targets for the £ to form that will bring both currencies more in line asfar as profit targets go.